The World Bank on May 14 announced the 15-month debarment of Shanghai-based Sieyuan Electric, a company that specializes in research and development relating to electric power technology.
The sanction relates to fraudulent practices under the Inter-Zonal Transmission Hub Project, which was part of the West Africa Power Pool program. The project, which closed in 2018, was partly funded by a financing agreement with Ghana and was designed to improve the security and reduce the cost of the electricity supply to Burkina Faso while also increasing Ghana’s capacity to export electricity.
